JNUG Gold Leveraged ETF in Cup and Handle
As shown on the chart. price action has formed a cup with the expectation
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated bounce off support to the first target is 20% with
additional targets at $ 41.74 and $44 for smaller portions of the greater
position. Multiple sources are projecting a gold and silver uptrend in anticipation
of an equities market downturn and further federal actions to fight inflation
and "bear" down on the equities market. Gold bugs pay attention !
of a handle formation which would be a downward retracement of 50% of
the cup's height ( or about a 0.5 fib level retracement ) then expecting a
reversal to a target of 2X the cup's height from its base and the same as
a cup height above the cup's upper edge.
From an anticipated bounce off support to the first target is 20% with
additional targets at $ 41.74 and $44 for smaller portions of the greater
position. Multiple sources are projecting a gold and silver uptrend in anticipation
of an equities market downturn and further federal actions to fight inflation
and "bear" down on the equities market. Gold bugs pay attention !
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.